12 Cost 10 8 6. 4 2 - 40000 60000 More Two measures of center were calculated for this data set and were found to be $26,668, and $34,832. One of them is the mean, and the other is the median. Which one is which? 20000 30000 50000 70000 80000 90000 100000
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
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Two measures of center were calculated for this data set and were found to be $26,668, and
70000
90000
$34,832. One of them is the mean, and the other is the median. Which one is which?
mean
[Choose ]
median
[Choose ]
20000
30000
40000
50000
60000
80000
100000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9018baa1-a98f-44fd-9748-cc9ddfe82e2f%2F4b540b90-fa8c-4ec0-8f42-3d02ff5b419c%2Fsa3a9t_processed.jpeg&w=3840&q=75)
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